Bitcoin Whale Holdings Drop To Six-Year Low: Is A Deeper Price Decline Ahead?

Quick Summary:

Bitcoin whale holdings have reached their lowest level in six years, raising concerns about the asset’s price trajectory amid its current price struggles.

Interesting data from on-chain data analytics platform IntoTheBlock shows that the aggregate amount of Bitcoin held by whales has dropped to levels last seen in 2019.

A sharp reduction in whale accumulation often signals diminishing confidence among major investors, leading to fears of increased selling pressure.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Btc Bitcoin price Whales Cryptocurrency Bitcoin Bitcoin News Technical Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-09 @ 19:00:02 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26782985

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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